Thursday, 19 January 2012

Google expands revenue but misses forecast

Google's revenue and profit both increased but investors sent its stock 9% lower

IDG News Service - Google's fourth-quarter revenue climbed 25% from a year earlier but was less than analysts had expected, pulling its stock price down 9% in after-hours trading.

Google's revenue for the three months to Dec. 31 came in at $10.58 billion, up from $8.44 billion a year earlier, the company announced Thursday. Subtracting commissions and fees paid to partners, revenue was $8.13 billion, below

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